Strong first-half performance: Trustpilot's bookings grew 18% at constant currency, including 27% growth in North America, while adjusted EBITDA rose 46% to a record $26.3 million and the margin expanded to 17.4%. Enterprise demand and AI relevance supported growth: ARR from customers paying more than $20,000 annually increased 35%, with larger businesses seeking visibility in AI-driven search. Trustpilot also launched AI-focused products and said ChatGPT citations rose more than 400% year over year.
Guidance and capital returns maintained: The company kept its outlook for high-teens constant-currency revenue growth and a 2–3 percentage-point adjusted EBITDA margin improvement, while returning $25.8 million to shareholders through buybacks during the half. Trustpilot also disclosed tax and distributable-reserve issues that it said do not affect current trading or guidance. Trustpilot Group (LON:TRST) reported first-half 2026 bookings growth of 18% at constant currency, supported by enterprise customer demand and a 27% increase in North American bookings, while adjusted EBITDA rose 46% to a record $26.3 million.
Chief Executive Officer Adrian Blair said the company's adjusted EBITDA margin reached 17.4%, up 2.8 percentage points year over year. Trustpilot maintained its full-year outlook for high-teens constant-currency revenue growth and a 2 to 3 percentage point improvement in adjusted EBITDA margin. → Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. The company also announced a finance leadership transition.
Former Chief Financial Officer Hanno Damm, who spent 11 years at Trustpilot, presented the results, while Marcus Roy joined as CFO after five years in the same role at The Economist Group. Trustpilot said annual recurring revenue from customers paying more than $20,000 annually increased 35% year over year. The number of customer logos in that segment rose 29%, while the cohort represented 47% of total bookings, compared with 27% in the first half of 2023. → MarketBeat Week in Review – 09/07 - 09/11 Blair said larger customers are increasingly focused on improving their presence in AI-driven search and large language model results.
The company cited Expedia as a recent customer win, alongside Bed Bath & Beyond, Intact Insurance, Sunrun, Halfords, Space NK, EE, Bending Spoons and Isybank. Bookings in the U.K. totaled $64 million, up 11% at constant currency. Blair said some global accounts that are sold by the U.K. team are billed through North America, which reduced reported U.K. growth by approximately 1 to 2 percentage points.
The U.K. business had a 60% contribution margin, according to the company. → Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Europe and the rest of the world generated $68 million in bookings, up 19% at constant currency. The DACH region—Germany, Austria and Switzerland—grew 30%, and its ARR surpassed $20 million. Germany is now Trustpilot's third-largest country after the U.K. and U.S., Blair said.
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